Mintlayer x Kylix: Unlocking Native Bitcoin Lending and Cross-Chain DeFi

Mintlayer x Kylix: Unlocking Native Bitcoin Lending and Cross-Chain DeFi
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Partnership
Mintlayer x Kylix: Unlocking Native Bitcoin Lending and Cross-Chain DeFi
February 3, 2025
Mariangel Garcia
-
CMO
Mintlayer x Kylix: Unlocking Native Bitcoin Lending and Cross-Chain DeFi
Bitcoin has long been the most secure and decentralized asset in the crypto space, but its utility in decentralized finance (DeFi) has been historically limited due to reliance on wrapped assets and centralized custodians. That’s about to change.
We’re excited to announce our partnership with Kylix, a cross-chain liquidity protocol that enables native Bitcoin lending and borrowing—without wrapped assets. By integrating with Mintlayer, Kylix will bring true decentralized finance to Bitcoin, allowing users to earn yield on their BTC and leverage their assets across multiple chains like Solana, Sui, and Polkadot.
Why This Matters: Native Bitcoin Lending Without Wrapping
Until now, most Bitcoin-based DeFi required BTC to be wrapped (e.g., wBTC, sBTC), which introduces
custodial risk, counterparty dependencies, and security vulnerabilities.
With Kylix’s
native BTC lending markets
, users can
lend and borrow real Bitcoin
directly, while benefiting from
Mintlayer’s Atomic Swaps and Bitcoin-native architecture.
This means:
No wrapped assets, no centralized intermediaries
True on-chain lending & borrowing using native Bitcoin
Cross-chain functionality: Borrow BTC against SOL, SUI, or DOT—and vice versa
A seamless gateway connecting Bitcoin to DeFi on multiple chains
Native Bitcoin Lending - BTC Vaults
How Kylix & Mintlayer Work Together
Kylix is building a
unified liquidity layer
that
removes the inefficiencies of fragmented DeFi markets.
Instead of relying on bridges, Kylix
natively connects liquidity across chains
, allowing users to
lend on one blockchain and borrow from another
—all in a
frictionless, secure
environment.
With Mintlayer’s
Atomic Swap-powered interoperability
, Kylix users will be able to:

Lend and borrow Bitcoin natively
without wrapping

Use Bitcoin as collateral
for loans on other chains

Access cross-chain liquidity
markets without bridges

Earn a yield on their BTC
directly in a decentralized manner
By leveraging
Mintlayer’s Bitcoin-native architecture
, Kylix can
tap into Bitcoin’s liquidity
in a way that is
fully decentralized and secure
—empowering BTC holders to finally unlock the financial potential of their assets.
What’s Next?
Kylix is set to launch its
Testnet and Canary Network in April
, with full production going live in
June 2025.
This means that soon, Mintlayer users will have access to a
fully functional Bitcoin lending market
, allowing them to
earn, borrow, and trade natively
across multiple chains.
In addition to its
Bitcoin lending markets
, Kylix is also working on several other cutting-edge DeFi innovations, including:
Collateral Marketplace
Lending AI Agents
Self-Repaying Loans
To learn more about these features, check out
Kylix’s website
.
The Future of Bitcoin DeFi Starts Here
This partnership marks a
major step forward for Bitcoin DeFi
, pushing the boundaries of what’s possible
without wrapped assets or centralized intermediaries.
With Mintlayer providing
Bitcoin-native security and interoperability
, and Kylix unlocking
cross-chain lending
, the foundation for
a truly decentralized Bitcoin financial system
is being laid.🚀

Stay tuned—Bitcoin DeFi is just getting started!
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